Has anyone had any luck with an assumption or transfer of an EIDL? I'm wanting to sell my business and have the buyer assume the loan.Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments. The answer is that it depends so basically the way this works is the new buyer is going to need to be approved basically for that for that idle loan. In this workshop, we cover all things concerning your COVID Economic Injury Disaster Loan (EIDL) in conjunction with the US Small Business Administration. Lenders must submit the Capital Improvements and Requests to.